Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Russian Energy Minister Alexander Novak said there were different options available for OPEC and its oil-producing allies in the second half of 2019, including a possible...Oilread more
The Australian Electoral Commission (AEC) on Monday said Morrison's coalition has won 75 seats in Australia's parliament, one seat short of a 76-seat majority.Electionsread more
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any...World Politicsread more
SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
United Airlines CEO Oscar Munoz said Wednesday that he has no idea when Boeing's grounded 737 Max jets will fly again.
"I think it's fair to say that we do not know yet ... We have really no sense of it at this point in time," he said on CNBC's "The Exchange. "
The Max has been grounded since mid-March after its anti-stall software was implicated in crashes in Ethiopia and Indonesia since October that killed a total of 346 people. United has grounded its 14 Boeing Max jets through early July, along with other carriers like Southwest and American.
"It's important that when we return this aircraft to flight, that we do it in relative unison and lockstep around not just the U.S. but the world. So we'll have to monitor and engage that," Munoz said.
Boeing, which expects a $1 billion hit from the groundings, said Wednesday that it will pause share buybacks and is withdrawing its full-year 2019 financial forecast while it works works on a software update. The company has cut production and halted deliveries. It said it's completed 96 flights totaling more than 159 hours of air time with its new anti-stall software upgrade.
United Continental Holdings, parent company of United, reported earnings Tuesday that topped Wall Street estimates for first-quarter profit but missed on revenue. United has 16 Maxes scheduled for delivery in the second half of the year, and Munoz said that if the grounding continues the airline will feel the impact.